A top retail trade group executive on Sunday called for tougher security standards that could mean more spending for the industry, its banks and business partners after a series of data breaches at major merchants. Stores and card processing companies have reported a steady stream of security breaches for years without a major backlash from [...]
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Target Corp and Neiman Marcus are not the only U.S. retailers whose networks were breached
More well-known U.S. retailers victims of cyberattacks Over the holiday shopping season late last year, according to sources familiar with attacks on other merchants that have yet to be publicly disclosed. Smaller breaches on at least three other well-known U.S. retailers took place and were conducted using similar techniques as the one on Target, according [...]
Neiman Marcus is latest victim of security breach
Luxury merchant Neiman Marcus confirmed Saturday that thieves stole some of its customers’ payment card information and made unauthorized charges over the holiday season, becoming the second retailer in recent weeks to announce it had fallen victim to a cyber-security attack. The hacking, coming weeks after Target Corp. revealed its own breach, underscores the increasing [...]
